Technology Innovations and Demand for Rechargeable Batteries Drives the Global Battery Chargers Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Battery Chargers markets. The global market for Battery Chargers is forecast to reach US$14.3 billion by the year 2018, buoyed by innovative technology in battery charging and general demand for rechargeable batteries globally. Growing demand for digital cameras, notebook computers and mobile phones, particularly from developing markets would spur demand for rechargeable batteries, which is rapidly emerging as a reliable energy source.
San Jose, California (PRWEB) October 25, 2012
Follow us on LinkedIn – Innovation is the buzzword in the world of battery charging systems and rechargeable batteries. The evolution of innovations in the industry has led to the launch of smart, compact, and fast chargers in the market. While battery makers across the world are focusing on newer ways to enhance efficiency, recharger system manufacturers are embarking on lowering chargeup time to match with growing power related requirements of the digital world. The technology-savvy market has managed to keep pace with the drifts in changing automotive, industrial, information technology, telecommunications, and consumer products end-use markets worldwide.
Safety coupled with innovative technology in battery charging and general demand for rechargeable batteries globally are factors that influence the market for battery chargers. The market for smart battery chargers is witnessing healthy growth compared to conventional battery chargers. These chargers, incorporating smart charging circuitry, ensure the battery is not damaged due to overcharging as the circuitry enables the charging process to automatically disengage. Additionally, these chargers recognize the battery chemistry and charge it swiftly. Despite being highly priced, demand for these chargers is rapidly growing due to increasing mobile telephony and the need to charge quickly.
Portable Rechargeable Battery market has grown at a healthy rate, resulting in huge parallel demand for these rechargeable batteries. The markets have been flooded with portable devices such as mobiles, laptops, gaming devices, e-readers and global positioning systems (GPS) systems that are powered by rechargeable batteries and have a requirement to be frequently charged. Solar Battery Chargers are one of the most widely researched and developed technology in the renewable battery chargers category. These ‘green' battery chargers use solar or wind energy providing the user with a clean and environmentally sustainable energy source.
Explosion of digital technology is boosting demand for modern-day compact and state-of-the-art telecommunications equipment. These devices, which include cordless phones, cellular handsets, and other wireless phones, play a major role in sharing and acquiring information swiftly. Telecommunications comprises the most influential end-use market for the global battery chargers market. Sophisticated technology incorporated in chargers monitor the battery-charging process. Huge demand for mobile phones and increasing subscriber base for mobile services continues to drive the market for chargers in the segment. Worldwide demand for laptops and notebooks by professionals in various fields is steering the market growth for battery chargers in the information technology (IT) end-use segment.
In terms of sheer size, Europe constitutes the largest regional market, as stated by the new research report on Battery Chargers. Groundbreaking digital technology is a driving factor attributed to the growth of portable charging systems in the European market. Asia-Pacific represents a potentially strong market, aided by the booming Indian and Chinese economies. The Asian region is poised to emerge as the fastest growing market, surging ahead at a CAGR of about 7.0% through 2018, primarily driven by zooming sales of mobile phones. Lower penetration coupled with rising standards of living and huge population has resulted in aggressive growth of mobile phones. China and India, the two major markets in the region, have been spearheading the dizzy growth over the past few years. Asia-Pacific is also one of the largest markets for electric vehicles (EV) worldwide, with demand for charging equipment primarily driven by China, Korea and Japan.
Key players profiled in the report include Accutronics Limited, Analytic Systems, Anoma (North America) Corp., Associated Equipment Corporation, Best Wisdom Industrial (Shenzhen) Co. Ltd., Energizer Holdings, Inc., Exide Technologies, HindlePower, Inc., Hop Wo Enterprise Limited, Hotronic Ltd., Jeckson Electric Co. Ltd., Kolvin Industries Ltd., Kussmaul Electronic Co., Motor Appliance Corporation, Panasonic Corporation of North America,. Saft S.A., Salcomp Plc, Schumacher Electric Corporation, Spectrum Brands, Inc., Uniross Batteries Corporation, and Yuasa Battery, Inc., among others.
The research report titled "Battery Chargers: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of the battery chargers markets, current market trends, key growth drivers, product overview, product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections in value terms (US$) for geographic markets including the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. The report also analyzes the global, US and Canadian battery chargers markets in terms of annual unit sales. Key end-use segments analyzed include Automotive, Industrial, Information Technology, Telecommunications, and Consumer Products. The study also provides historic data for an insight into market evolution over the period 2004 through 2009.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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